Liquidity effects and transactions technologies

Michael Dotsey and Peter Ireland

No 93-01, Working Paper from Federal Reserve Bank of Richmond

Abstract: Recently there has been renewed interest in using general equilibrium models to understand the effects of monetary policy on interest rates and real economic activity. This research effort involved the search for models that will account for the liquidity effects--the decrease in short-term interest rates and the increase in output and employment--that are associated with expansionary monetary policy.

Keywords: Liquidity; (Economics) (search for similar items in EconPapers)
Date: 1993
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Related works:
Journal Article: Liquidity Effects and Transactions Technologies (1995)
Journal Article: Liquidity effects and transactions technologies (1994)
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